Across the board, civil society folks have agreed that this foreign investor tax is not going to be effective. First of all, when we're dealing with these corporate investors, we're dealing with global capital. It's very easy for them to establish a domestic corporation, and then suddenly that's a Canadian corporation, so the foreign investor tax will no longer apply.
I think we often use this shadowy “foreign investor” as a kind of shield to absorb widespread anger about Canada's housing market, when, as I demonstrated in my opening remarks, there are many things we can do right now to utilize the supply that we have and to just fix the programs that we already have in place, and not even spend a dime. Just by taxing people fairly and adequately, according to the human rights guidelines and obligations that we have agreed to in law, we can address a lot of these housing affordability and supply issues.